Core Insights - The successful drilling of QK18-9-6 well and the subsequent side drilling QK18-9-6Sa have confirmed the distribution and accumulation patterns of oil and gas in the Ordovician reservoir, providing significant guidance for future exploration and development plans [1][2] Group 1: Drilling Operations - QK18-9-6 well was drilled to a depth of 3780 meters, with oil and gas shows recorded over 267.34 meters across 34 layers, including 12 meters of oil shows in 2 layers and 255.34 meters of fluorescence in 32 layers [1] - The side drilling QK18-9-6Sa reached a total depth of 4430 meters (vertical depth of 3533.5 meters), with oil and gas shows over 56 meters across 10 layers, including 12 meters of oil shows in 2 layers and 44 meters of fluorescence in 8 layers [1] Group 2: Financial Implications - All expenditures related to the drilling preparation, drilling, and associated service contracts for QK18-9-6 well will be temporarily capitalized, having no impact on the company's operating performance for 2025 [2] - According to the oil contract, exploration costs incurred in the contract area will be recoverable through the production of crude oil once commercial production begins, based on a predetermined crude oil price [2]

Core Viewpoint - Egypt's Ministry of Petroleum announced the signing of five oil exploration agreements with foreign companies in the Western Desert and the Suez Gulf, with a minimum investment amount of $221.23 million [1] Group 1 - The agreements involve foreign companies participating in oil exploration activities in Egypt [1] - The minimum investment of $221.23 million indicates a significant commitment to the oil sector in Egypt [1] - The locations of the agreements, the Western Desert and Suez Gulf, are key areas for oil exploration in the country [1]